Issue: April 13, 2019
VC Deals
HistoSonics an Ann Arbor, Mich.- and Minneapolis, MN-based developer of a non-invasive robotics platform and novel beam therapy, closed a $54m Series C financing. The round was led by Varian Medical Systems, Inc., with participation from Johnson & Johnson Innovation – JJDC, Inc. (JJDC), Lumira Ventures, Venture Investors, the State of Wisconsin Investment Board, existing investors, and Fred Moll, MD. Here
Grab is looking to raise another $2 billion this year to ramp up expansion, its CEO Anthony Tan told Reuters, only weeks after announcing more than $4.5 billion of funding in what has become Southeast Asia's largest round of private financing. Here
Jebbit, a Boston, MA-based Declared Data Platform, closed a $12m Series B financing round. The round was led by K1 Investment Management, with participation from Manifest and Yard Ventures. Here
PE Deals
U.S. buyout firm Carlyle Group has agreed to buy between 30 and 40 percent of Spanish energy company Cepsa from Abu Dhabi state investor Mubadala, valuing the stake at as much as $4.8 billion. Here
New Partnerships
Tarrytown, New York-based Regeneron Pharmaceuticals and Cambridge, Massachusetts based Alnylam Pharmaceuticals announced the partnership Monday, which will be focused on discovery, development and commercialization of RNAi-based drugs. The partnership includes an $800 million upfront cash and equity investment in Alnylam, and up to $200 million in near-term milestones. Here
IPOs
Pinterest, a social-sharing focused unicorn, refiled its IPO documents this morning, detailing a proposed IPO price range. The San Francisco-based firm known for letting its quarter-billion monthly active users “pin” content that they like and may want to purchase, is targeting a $15 to $17 per-share price for its debut. Here
Acquisitions
Application delivery controller (ADC) and load balancer company Kemp today was purchased by private equity firm Mill Point Capital. Terms of the deal were not disclosed. Kemp CEO Ray Downes told SDxCentral that this acquisition will “fuel and accelerate our next phase of revenue growth and help us expand our addressable market through a combination of organic growth and strategic initiatives.” Here
New PE Funds
Blackstone has exceeded $22 billion for its eighth flagship buyout fund, according to reports, surpassing the firm-record $21.7 billion vehicle it raised in 2007. With no fund target stated publicly, the New York-based investor isn't done raising capital, either. Blackstone is reportedly expecting to exceed the $24.7 billion that Apollo Global Management raised in 2017 when it ultimately wraps up fundraising by the end of this year. Here
Debt Financing
Normally, duplicating a key would require an expensive trip to a professional locksmith, but KeyMe is trying to change the paradigm with an extensive network of key-scanning kiosks. To gear up for its next stage of growth, the New York startup today announced that it’s secured $50 million in debt financing from NYC-based asset manager BlackRock, which brings its total raised north of $150 million. Here
Medical Research Funding
St. Louis, Missouri-based insurer Centene said it will fund up to $100 million in research at the Washington University School of Medicine to accelerate personalized treatments for conditions like Alzheimer’s disease, breast cancer, diabetes and obesity. Here
IoT News
The internet of things (IoT) will probably generate the mother of all data tsunamis. Softbank anticipates we’ll see a trillion connected devices that will create $11 trillion in value by 2025. Intel is pretty happy about that, as it will create a huge demand for a data-centric world with lots of processors at both the center and the edge of the network. Here
HistoSonics an Ann Arbor, Mich.- and Minneapolis, MN-based developer of a non-invasive robotics platform and novel beam therapy, closed a $54m Series C financing. The round was led by Varian Medical Systems, Inc., with participation from Johnson & Johnson Innovation – JJDC, Inc. (JJDC), Lumira Ventures, Venture Investors, the State of Wisconsin Investment Board, existing investors, and Fred Moll, MD. Here
Grab is looking to raise another $2 billion this year to ramp up expansion, its CEO Anthony Tan told Reuters, only weeks after announcing more than $4.5 billion of funding in what has become Southeast Asia's largest round of private financing. Here
Jebbit, a Boston, MA-based Declared Data Platform, closed a $12m Series B financing round. The round was led by K1 Investment Management, with participation from Manifest and Yard Ventures. Here
PE Deals
U.S. buyout firm Carlyle Group has agreed to buy between 30 and 40 percent of Spanish energy company Cepsa from Abu Dhabi state investor Mubadala, valuing the stake at as much as $4.8 billion. Here
New Partnerships
Tarrytown, New York-based Regeneron Pharmaceuticals and Cambridge, Massachusetts based Alnylam Pharmaceuticals announced the partnership Monday, which will be focused on discovery, development and commercialization of RNAi-based drugs. The partnership includes an $800 million upfront cash and equity investment in Alnylam, and up to $200 million in near-term milestones. Here
IPOs
Pinterest, a social-sharing focused unicorn, refiled its IPO documents this morning, detailing a proposed IPO price range. The San Francisco-based firm known for letting its quarter-billion monthly active users “pin” content that they like and may want to purchase, is targeting a $15 to $17 per-share price for its debut. Here
Acquisitions
Application delivery controller (ADC) and load balancer company Kemp today was purchased by private equity firm Mill Point Capital. Terms of the deal were not disclosed. Kemp CEO Ray Downes told SDxCentral that this acquisition will “fuel and accelerate our next phase of revenue growth and help us expand our addressable market through a combination of organic growth and strategic initiatives.” Here
New PE Funds
Blackstone has exceeded $22 billion for its eighth flagship buyout fund, according to reports, surpassing the firm-record $21.7 billion vehicle it raised in 2007. With no fund target stated publicly, the New York-based investor isn't done raising capital, either. Blackstone is reportedly expecting to exceed the $24.7 billion that Apollo Global Management raised in 2017 when it ultimately wraps up fundraising by the end of this year. Here
Debt Financing
Normally, duplicating a key would require an expensive trip to a professional locksmith, but KeyMe is trying to change the paradigm with an extensive network of key-scanning kiosks. To gear up for its next stage of growth, the New York startup today announced that it’s secured $50 million in debt financing from NYC-based asset manager BlackRock, which brings its total raised north of $150 million. Here
Medical Research Funding
St. Louis, Missouri-based insurer Centene said it will fund up to $100 million in research at the Washington University School of Medicine to accelerate personalized treatments for conditions like Alzheimer’s disease, breast cancer, diabetes and obesity. Here
IoT News
The internet of things (IoT) will probably generate the mother of all data tsunamis. Softbank anticipates we’ll see a trillion connected devices that will create $11 trillion in value by 2025. Intel is pretty happy about that, as it will create a huge demand for a data-centric world with lots of processors at both the center and the edge of the network. Here
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